City of La Verne Treasurer's Report for the Month Ended July 31, 2018

Transcription

1 Portfolio Summary As of July 31, 2018, the market value of the City's investment portfolio totaled $57,496,268. The City's investment yield to maturity at market increased from 1.98% to 1.99% during the month of July. The weighted average maturity of the portfolio decreased from 733 days on June 30 to 716 days (1.96 years) on July 31. During the month of July, the City's total cash and investments decreased by $4,031,201. The significant cash receipts and disbursements (registers of audited demands) are listed below. July 2018 Activity Cash Receipts ($100,000 and over presented) Property Tax - LA County $ 245,527 Sales Tax - BOE 356,444 UUT Pmt - So. Cal Edison 121,432 All Other Cash Receipts Total Cash Receipts $ 4,654,548 5,377,951 Cash Disbursements Audited Demands 7/3/2018 Audited Demands 7/10/2018 Audited Demands 7/17/2018 Audited Demands 7/24/2018 Audited Demands 7 /31 /18 Payroll 7/11/18 Payroll 7 /25/18 Uncleared outstanding checks Total Cash Disbursements $ (748,257) (174,512) (4,172,556) (1,919,004) (1,065,592) (452,930) (508,240) (185,287) $ (9,226,377) Purchases Sales Redemptions LAIF Transfers Investment Activity $ Fair Market Adjustment Total Investing Activity (738,000) 93,588 $ (644,412) Cash and Investment Balance Prior Month to Current Month Ending Balance Reconciliation June Treasurer's Report July Activity Portfolio Balance $ 58,140,680 Cash Receipts Demand Deposit Balance 5,763,490 Cash Disbursements Fiscal Agent Balance 1,822,933 Decreased Outstanding Demands Cash & Investments 65,727,103 Fair Market Adjustment Fiscal Agent - Increase Total Cash & Investments 5,377,951 (9,226,377) (266,353) 93,588 (10,010) $ 61,695,902 City Cash and Investment Balance Investment Portfolio $ 57,496,268 Demand Deposits 2,827,078 Less: Outstanding Demands (440,367) Treasury Cash & Investments 59,882,979 Fiscal Agent 1,812,923 Total Cash & Investments $ 61,695,902 Page 1 of 5 \

2 Portfolio Maturity Schedule (shown at redemption value) Agency Negotiable Year Debt Corporate Certificates Maturity Maturities Range Securities Notes of Deeosit Schedule 18/19 (Jul - Dec) 0.5 $ $ $ $ 18/19 (Jan - June) 1.5 8,000,000 1,735,000 9,735,000 19/20 (Jul - Dec) 2 6,000,000 1,000,000 2,300,000 9,300,000 19/20 (Jan - June) 2.5 6,000,000 6,000,000 20/21 (Jul - Dec) 3 4,240,000 3,035,000 3,000,000 10,275,000 20/21 (Jan - June) 3.5 2,000,000 2,250,000 4,250,000 21/22 (Jul - Dec) 4 3,000,000 3,000,000 21/22 (Jan - June) 4.5 $ 26,240,000 $ 9,285,000 $ 7,035,000 $ 42,560,000 LAIF $ 4,879,307 $ 4,879, I I Negc~, able CDs Corp Agen y Notes Portft> lio Maturities $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 Investment Policy Compliance % of Policy Max Portfolio Limit Maturi!}'. Agency Debt Securities 26,240, None 5 years Corporate Notes 9,285, % 5 years Negotiable Certificates of Deposit 7,035, None 5 years LAIF 4,879, $65,000,000 N/A 47,439,307 In Compliance with Policz'. Page 2 of 5

3 Fund 101 GENERAL FUND Special Revenue Funds 206 GAS TAX 208 TRAFFIC SAFETY * 215 CDBG * 216 OPER. & MAINT. CFO CABLE PUBLIC ACCESS-PEG 223 DOWNTN PARKING IN-LIEU 226 AFFORDABLE HOUSING FUND 229 LV HOUSING SUCCESSOR 231 ASSET FORFEITURE FUND 232 LACMTA- PROPOSITION A 234 LAC MT A - PROPOSITION C 235 LACMTA- MEASURER 236 LACMTA - MEASURE M 240 PROP 172 PUBLIC SAFETY 241 SUPPLEMENTAL LAW ENF SERV 243 AB2766 MOBILE SRC AIR POL 244 PUBLIC SAFETY EQUIPMENT FUND 245 DNTWN. BUS. IMP. DIST. 246 MAINTENANCE DIST. 250 FIRE EQUIPMENT REPLACEMENT 252 LARGE BLDG CFO FUND Cash and Investments Balance by Fund Cash and Investments Balance Fund $ 11,472,438 Debt Service Fund 326 LOAN REPAYMENT 1,111,491 Capital Project Funds 405 GENERAL CAP. IMP. 406 ROW MANAGEMENT FUND 708, I/S TECHNOLOGY CAPITAL FUND 59, UNDERGROUND UTILITY 89, PARK DEVELOPMENT 1,062, YOUTH SPORTS CIP 122, STORM DRAIN DIST. 1,829,197 Enterprise Funds 482, WATER 819, WATER CAP. IMP. 244, MIRAMAR DEBT SERVICE 331, SEWER 531 SEWER CAPITAL IMP. 41, EQUIPMENT FUND 407,077 Custodial Funds 561, TRUST & AGENCY 119, REDEV OBLIGATION RETIREMENT 651, L.A. IMPACT 1,785, ,124 Total Treasury Cash & Investments Cash and Investments Balance 57,809 2,149,686 3,570,445 63,426 75,353 1,033, ,748 1,423,522 1,422,552 3,701,399 2,740, ,143 5,982,724 1,411,655 2,463, ,684 10,803,023 $ 59,882,979 * Funds currently showing a negative cash balance due to unreimbursed costs are shown as if the applicable due to/from other funds balances were posted in the General Fund. Negative cash balances totaled $302,007 Note: the above balances represent cash and investment balances in the respective funds, not the respective financial statement fund balances. Page 3 of 5

4 Portfolio Holdings Purchase Investment Maturity Yield to Cost Market Value Investment Institution Descrietion Doc. I.D. Date Date Maturity L.A. Impact $10,823,296 $10,803,023 California State Treasurer LAIF Various 7/1/ $10,823,296 $10,803,023 Total L.A. Impact City's Pooled Investments $4,879,307 $4,870,168 California State Treasurer LAIF Various 7/1/ $245,000 $243,297 Securities America, Inc. Peoples United Bank CD 71270QQZ2 7/19/2017 7/19/ $245,000 $243,248 Vining Sparks IBG, LP Goldman Sach Bank USA CD 38148PMN4 8/9/2017 8/9/ $245,000 $243,175 Securities America, Inc. Oriental Bank CD 68621KBF7 8/11/2017 8/19/ $2,000,000 $1,976,220 Securities America, Inc. FHLB Note 3130A6GD3 9/25/2015 9/25/ $2,000,000 $1,969,800 Hilltop Securities, Inc. FFCB Note 3133EFKY2 10/28/ /28/ $2,000,000 $1,970,280 Securities America, Inc. FHLB Note 3130A6NA1 10/29/ /29/ $1,000,000 $999,250 Multi Bank Securities, Inc TCF National Bank CD J2 6/12/ /20/ $2,000,000 $1,969,220 Piper Jaffray FHLMC Note 3134GAZY3 12/30/ /30/ $2,000,000 $1,953,080 Hilltop Securities, Inc. FFCB Note 3133EFZT7 2/26/2016 2/24/ $989,078 $988,440 Hilltop Securities, Inc. HSBC USA Inc HPR7 6/11/2018 3/5/ $2,000,000 $1,955,180 Hilltop Securities, Inc. FHLB Note 3130A7ZT5 5/18/2016 5/18/ $2,000,000 $1,956,600 Securities America, Inc. FHLB Note 3130AA3Z9 12/15/2016 6/15/ $1,300,000 $1,301,274 Time Value Investments Morgan Stanley CD 61747M2N0 6/11/2018 6/15/ $1,000,000 $1,000,870 Hilltop Securities, Inc. Enterprise Bank CD 29367SHX5 6/8/2018 6/22/ $2,000,000 $1,942,000 Piper Jaffray FHLMC Note 3134GABM5 8/30/2016 8/28/ $2,000,000 $1,939,400 Hilltop Securities, Inc. FFCB Note 3133EGXX8 10/13/ /13/ $2,000,000 $1,939,460 Multi Bank Securities, Inc FFCB Note 3133EGEU5 6/14/ /14/ $1,035,700 $1,031,320 Multi Bank Securities, Inc General Electric Cap. Corp G4Y7 6/13/2018 1/7/ $2,000,000 $1,957,240 Multi Bank Securities, Inc FHLB Note 3130A6XY8 1/27/2016 1/27/ $240,000 $232,291 Hilltop Securities, Inc. FHLB Note 3130A7CL7 2/26/2016 2/26/ Page 4 of 5

5 Purchase Cost $998,150 $1,035,000 $2,000,000 $959,592 $1,206,124 $2,000,000 $988,280 $992,240 $994,460 $47,352,931 $58,176,227 Investment Maturity Yield to Market Value Investment Institution Description Doc. I.D. Date Date Maturity $995,670 Multi Bank Securities, Inc General Dynamics BE7 6/13/2018 5/11/ $1,031,730 Multi Bank Securities, Inc Blackrock INC 09247XAH4 6/13/2018 5/24/ $1,935,760 Hilltop Securities, Inc. FFCB Note 3133EGDH5 6/2/2016 6/2/ $1,000,960 Time Value Investments American Express CD 02589AAC6 6/5/2018 6/7/ $1,000,960 Time Value Investments Citibank NA CD 17312QM63 6/6/2018 6/7/ $1,000,850 Hilltop Securities, Inc. BMW Bank NA CD 05580ANA8 6/8/2018 6/15/ $960,300 Time Value Investments Microsoft Corp BP8 6/11/2018 8/8/ $1,206,213 Time Value Investments Oracle Corp XBK0 6/11/2018 9/15/ $1,937,680 Hilltop Securities, Inc. FHLB Note 3130AABB3 12/21/ /22/ $977,010 Multi Bank Securities, Inc US Bancorp 91159HHP8 5/31/2018 1/24/ $982,600 Multi Bank Securities, Inc TD Ameritrade 87236YAE8 5/31/2018 4/1/ $981,700 Multi Bank Securities, Inc Qualcomm Inc AE3 5/31/2018 5/20/ $46,693,246 Total Pooled Investments $57,496,268 Total Portfolio I hereby certify that the investment activity for this reporting period conforms with the current investment policy as set forth in Resolution No Per government code requirements, there are adequate funds available to meet the City of La Verne's budgeted and actual expenditures for the next six months. Ronald L. Clark CITY TREASURER Page 5 of 5